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The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. The currency sign for the new shekel ₪ is a combination of the first Hebrew letters of the words shekel (ש ) and ẖadash (ח ) (new). When the shekel sign is unavailable the abbreviation NIS (ש״ח and ش.ج) is used.
In 1980 the Israeli pound was replaced by the shekel at a rate of IL10 per IS 1. The new subdivision of the shekel was named agora ẖadaša ("new agora"). There were 100 new agorot in 1 shekel. The high rate of inflation in Israel in the early 1980s forced the Israeli government to change the Israeli currency once again in 1985.
Israeli currency may refer to these items: Israeli new shekel, used from 1985 to the present; Old Israeli shekel, used from 1980 to 1985; Israeli pound, used from 1948 to 1980; Shekel, used by the United Monarchy of Israel and the Kingdom of Israel, as well as during the Great Revolt
Reaching 3.84 against a strengthening dollar, the shekel was at its lowest since March 2020, when it slumped relatively briefly at the start of the coronavirus pandemic in Israel.
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
The Israeli toll road symbol bearing the Shekel sign. The shekel sign, like the dollar sign $ , is usually placed left of the number (i.e. "₪12,000" and not "12,000₪"), but since Hebrew is written from right to left , this means that the symbol is actually written after the number.
US Dollar [23] USD East Timor: US$ [23] ... Israeli new shekel [34] ILS Israel
A two-shekel weight recently recovered near the temple area in Jerusalem and dated to the period of the First Temple weighs 23 grams, [8] giving a weight of 11.5 grams per shekel in Israel during the monarchy. When used to pay labourers, recorded wages in the ancient world range widely.